§ 5-1003. Purposes

West's Annotated Code of MarylandEconomic DevelopmentEffective: July 1, 2015

West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division I. Secretary of Commerce and Department of Commerce [Titles 1-8] (Refs & Annos)
Title 5. Economic Development and Financial Assistance Programs (Refs & Annos)
Subtitle 10. Military Personnel and Veteran-Owned Small Business NO-Interest Loan Program (Refs & Annos)
Effective: July 1, 2015
MD Code, Economic Development, § 5-1003
§ 5-1003. Purposes
Currentness
Loans shall be made under this subtitle for the purposes of:
(1) providing financial support to:
(i) a business owned by a military reservist or National Guard member who is called to active duty; or
(ii) a small business employer of a military reservist or National Guard member who is called to active duty;
(2) making the home, motor vehicle, or place of employment of a veteran accessible to individuals with disabilities, including purchasing equipment necessary to enable a business to employ a service-disabled veteran or to enable a service-disabled veteran to operate a business; and
(3) defraying other necessary expenses, as determined by the Department of Veterans Affairs, incurred by:
(i) a business employing a service-disabled veteran; or
(ii) a veteran-owned small business.

Credits

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2009, c. 730, § 1, eff. July 1, 2009; Acts 2013, c. 105, § 1, eff. Oct. 1, 2013; Acts 2015, c. 390, § 1, eff. July 1, 2015.
MD Code, Economic Development, § 5-1003, MD ECON DEV § 5-1003
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document